Archive

In order to boost returns, this popular home-goods retailer is looking beyond operational strategies... Yesterday, Bed Bath & Beyond (BBBY) announced it had completed a sale-leaseback transaction with private-equity firm Oak Street Real Estate Capital, bringing in $250 million in proceeds. Bed Bath & Beyond has seen its Uniform return on assets ("ROA") fall from […]

• BBBY
• TEVA

A new set of numbers highlight who's losing the commercial airline war... Reuters reported last week that Airbus won the volume war with Boeing (BA) last year for the first time since 2011. While Airbus has repeatedly beaten Boeing in terms of orders since 2011, Airbus delivered 863 aircraft in 2019, versus 806 for Boeing. […]

• BA
• MGM

This industry is under attack from all sides... The last decade has been the era of the platform and the side-hustle (also known as the "gig economy"). Uber, Lyft, Grubhub, Postmates, TaskRabbit, and other successful "gig" platforms have transformed how consumers interact with the world... and how people think about earning an income. But if […]

• HRB
• INTU

Here's an attainable New Year's resolution... As we open to the New Year, many folks will be making those same New Year's resolutions... "New year, new me." In reality, we all understand change is hard. That's why resolution failure rates are so high – most searchable statistics say around 80% of resolution commitments end up […]

• ABBV
• AGN
• IT
• MSFT
• PG
• VZ

Joel's note: The Altimetry offices are closed tomorrow for New Year's Day, so we'll be back in touch with the next Altimetry Daily Authority on Thursday, January 2. I hope everyone has a wonderful New Year! Boeing (BA) just can't get out of its own way... In the December 20 Altimetry Daily Authority, we highlighted […]

• BA
• BKNG
• BUD
• EXPE
• WHR

As regular Altimetry Daily Authority readers know, bear markets don't happen without credit issues... In October, we wrote about how the drop in the cost to borrow for U.S. corporations meant companies were able to refinance debt in 2019 that they hadn't been able to in 2018. The refinancing of near-term debt maturities eliminates the […]

Who loses half his money on advertising? Apparently, everyone does... I recently had a great debate with a reader over the origins of a favorite quote of mine: Half the money I spend on advertising is wasted, and the trouble is I don't know which half. It's attributed to two giants of advertising across the […]

• ADI
• AMD
• NXPI
• QCOM
• UL

The market still doesn't understand how cheap U.S. Steel (X) is... As we highlighted last week, U.S. Steel is currently priced for bankruptcy. When a company starts to trade at a significant discount to its assets – as U.S. Steel does – this tends to serve as a "floor" for valuations. Last Friday, the company […]

• AMZN
• BBY
• X

Joel's note: The Altimetry offices are closed tomorrow and Wednesday for the Christmas holiday, so look for your next Altimetry Daily Authority on Thursday, December 26. Have a great holiday, and we'll see you later this week! Is it the 'lay of the land'? Or 'how the land lies'? I was on the phone recently […]

Aircraft leasing companies are benefiting from this troubled plane maker... In September, we wrote about how Boeing's (BA) 737 MAX issues have been a boon to the aircraft leasing business. On Monday, Boeing announced that it wasn't just further delaying how long it will be until the 737 MAX can re-enter service... but it's also […]

• AAPL
• BA
• KO
• PII
• SBUX